Bessemer Group Inc. Has $1.16 Million Position in Skyward Specialty Insurance Group, Inc. $SKWD

Bessemer Group Inc. cut its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 21.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,965 shares of the company’s stock after selling 5,375 shares during the quarter. Bessemer Group Inc.’s holdings in Skyward Specialty Insurance Group were worth $1,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in Skyward Specialty Insurance Group by 2,223.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after purchasing an additional 578 shares in the last quarter. LRI Investments LLC acquired a new stake in Skyward Specialty Insurance Group in the first quarter valued at approximately $67,000. KBC Group NV acquired a new stake in Skyward Specialty Insurance Group in the first quarter valued at approximately $81,000. State of Wyoming boosted its position in Skyward Specialty Insurance Group by 52.4% in the first quarter. State of Wyoming now owns 2,435 shares of the company’s stock valued at $129,000 after buying an additional 837 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Skyward Specialty Insurance Group in the first quarter valued at approximately $179,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on SKWD shares. JMP Securities set a $75.00 target price on shares of Skyward Specialty Insurance Group in a research report on Thursday. BMO Capital Markets raised their target price on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Monday, September 8th. Wolfe Research upgraded shares of Skyward Specialty Insurance Group to an “outperform” rating in a research report on Monday, September 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research report on Friday. Finally, Piper Sandler decreased their price target on shares of Skyward Specialty Insurance Group from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $62.73.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $45.59 on Friday. The firm’s fifty day moving average is $47.55 and its 200-day moving average is $52.89. Skyward Specialty Insurance Group, Inc. has a 52 week low of $41.28 and a 52 week high of $65.05. The firm has a market cap of $1.85 billion, a P/E ratio of 13.45 and a beta of 0.58.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.88%. The company had revenue of $606.51 million for the quarter, compared to analyst estimates of $334.54 million. During the same period in the prior year, the firm posted $0.71 EPS. As a group, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.